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Rolls-Royce paid no UK tax on record global profits of £1.4 billion last year, its annual report has revealed. In the same period it received £11 million from the Treasury in tax credits, reliefs and other adjustments.

The jet engine builder, which employs 11,000 at its Derby plant and gets government R&D funds, could not be contacted for comment.

It earned £1.6 billion in the UK in global revenues of £12.2 billion in 2012, paying £218 million in overseas tax after adjustments.

The annual report said the company has a duty to shareholders to minimise its tax burden in legal